Facebook Shop 

#GS3 #Economy 

Facebook founder Mark Zuckerberg has announced the launch of Facebook Shops. 

  • Facebook Shops is a platform that small mom-and-pop stores across the world could leverage to sell things directly across its apps, such as WhatsApp, Instagram and Facebook too. 
  • For small store owners in developing countries, the launch of this platform could mean easy access to the large customer base of the social media giant, Facebook. With WhatsApp and Instagram, the trio makes a formidable presence on the internet. 
  • The launch of this platform coincides with the plans of many other global conglomerates to launch themselves in the Medium, Small and Micro Enterprises (MSME) segment, by providing some kind of platform or training space. 
  • It is unclear if Facebook Shops would be launched in India as well. 
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